Missouri Office of Administration

NEWS RELEASE 

For Immediate Release                                                                                       Contact:  Dan Haug

March 5, 2020                                                                                                      573-751-2345

 

State Releases February 2020 General Revenue Report

State Budget Director Dan Haug announced today that net general revenue collections for February 2020 increased 22.2 percent compared to those for February 2019, from $561.0 million last year to $685.4 million this year

Net general revenue for collections for 2020 fiscal year-to-date increased 7.2 percent compared to February 2019, from $5.67 billion last year to $6.08 billion this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections

  • Increased 8.5 percent for the year, from $4.30 billion last year to $4.67 billion this year.
  • Increased 23.4 percent for the month.

Sales and use tax collections

  • Increased 2.2 percent for the year, from $1.52 billion last year to $1.55 billion this year.
  • Increased 8.9 percent for the month.

Corporate income and corporate franchise tax collections

  • Increased 14.6 percent for the year, from $259.8 million last year to $297.7 million this year.
  • Decreased 19.3 percent for the month.

All other collections

  • Increased 4.5 percent for the year, from $253.2 million last year to $264.7 million this year.
  • Increased 12.6 percent for the month.

Refunds

  • Increased 6.2 percent for the year, from $664.8 million last year to $706.3 million this year.
  • Increased 11.5 percent for the month.

 

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.

 

 

###

 

This email was sent to [email protected] using GovDelivery Communications Cloud on behalf of: Missouri Office of Administration · 301 West High Street · Jefferson City, MO 65101 GovDelivery logo